An MBA or Master of Business Administration is widely popular among the populace in the academic world. This degree is mostly useful for students who hope to improve their chances of earning a higher income in their respective careers. That said, not all industries can reasonably afford their current level of employees. Some jobs for MBA graduates are better than others.
This blog aims to review some of these premier industries that offer competitive remunerations to MBA graduates. We will also note down the average salaries in the above-mentioned industries which you should look forward to.
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Consulting
It is worth doing an MBA (Business Analytics) degree to obtain a job as a consultant, one of the most popular choices in various fields. Consulting has provisions for paying very attractive salaries to its workers. Consultants offer their services as experts in particular areas of business. They try to help companies fix existing issues or find ways of making them more efficient.
Average Salary: Consulting professionals have an average pay of INR 13.6 LPA.
International Finance and Investment Banking
Finance and investment banking are also areas that attract a lot of MBA (international Finance) graduates. This industry is involved with money, its handling, and safe custody. It also deals with banking, insurance, financial, and capital assets. Investment bankers manage financial risks and get some of the highest pay across the globe. They also can expect a big bonus in addition to their regular wage.
Average Salary: The average pay of professionals in this field is INR 16.8 LPA.
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Technology
Technological advancements have certainly continued to progress and expand through various streams of technology. Some of the leading companies practicing and investing in big data include Google, Apple, and Amazon. To retain highly skilled personnel, they offer reasonable wages and other employee benefits. This is mainly because MBAs in Data Science may be employed in product management, data visualization, building predictive models and business development or even as research assistants and data scientists.
Average Salary: Professionals in this field earn an average of INR 10 LPA/Salary).
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Digital Marketing
Digital marketing is quite a popular and promising business niche that deals with the promotion of goods and services through the internet using online platforms, social media and other digital forums. Daily graduates with an MBA in Digital Marketing devise ways of accessing the customer through social media, mail, search engines, and web pages. This industry is creative and analytical and is greatly dependent on technology. Thus, digital marketing provides job opportunities with good future prospects since the internet presence is more significant for companies nowadays.
Average Salary: Professionals in this job role earn an average of INR 11.6 LPA.
Private Equity and Venture Capital
Private equity and venture capital are means of financing organizations. They are individuals who purchase and sell enterprises or engage in the purchase of stakes in emerging business ventures. They build and establish these companies and turn them into profit-making machines. The salaries and bonuses in the industry are higher than what would typically be offered to employees in other industries. This makes jobs in this sector highly desirable after doing an MBA in Business Analytics.
Average Salary: Private equity associates earn an average of INR 11.3 LPA.
Human Resources (HR)
HR is a critical division in any business organization. MBA graduates specializing in HR handle issues such as recruitment/hiring. They are also responsible for training, employee relations, and performance appraisal. They formulate procedures that enable employees to deliver their best. At the same time, they ensure employees are content at the workplace. They also ensure that they observe and implement labor laws. They also engage in the formulation of measures that could enhance organizational culture.
Average Salary: HR managers in this field earn an average salary of INR 10.9 LPA.
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EnrolL Now →Summing Up
An MBA opens the doors to multiple career options in well-paid sectors. Jobs for MBA graduates include the consulting, finance, and technology industries. Other good payers are healthcare, manufacturing, and energy. Industries like real estate and retail have very competitive pay as well. On the other hand, entrepreneurship can bring big rewards, but it also requires dealing with the biggest risks. As in anything, the best bet really depends on what one is interested in and what the personal career goal is. More or less this blog should help MBA graduates to make tough decisions on their future.
If you want to do an MBA, Amity University Online offers some of the best courses. Now, you can get your MBA online from the comfort of your own house. With a wide range of specializations, you get a horde of choices. The course is flexible and thus offers a great opportunity for working professionals as well.
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